If you are in a state that is contemplating enacting Sports Betting, I would encourage you to make a prudent decision based on facts and not hyperbole.I will share 3 points to consider in this post.
Are you prepared to work off a small profit margin that is not guarantee a projected hold percentage similar to a slot machine or casino table game?
What is your state tax rate proposal on Sports Betting?
Is mobile wagering part of your Sports Betting strategy?
If you answered yes to question 1 and 3 then I would look at sports betting as a consideration sooner than later. This urgently increases if no state near you has it. Washington DC acted quickly to exercise a competitive advantage over Virginia and Maryland. That move should pay dividends this year.
The second question about the tax rate should be open to a fair agreement with the operators and the state. The definition of fair is marked by impartiality and honesty; free from self interest or favoritism. So if the propose tax rate exceeds 20% making a sustainable profit is achievable based on demographics and handle. A tax rate higher than 25% is not in the operators best interest long term. Read the definition of fair again. High taxes limit reinvestment opportunities. State legislatures and operators should work together as partners to insure success.
This fall I will continue visiting colleges and universities in the Mid Atlantic Region to promote the opportunities that gaming and sports betting can provide. So far I have spoken to students at Temple University and St. Joseph University. There is a fee associated with the speaking engagement. This is to cover the cost of travel and accommodations. Check out the video to get a glimpse of what the possibilities that await you in Washington DC and New York City.
Follow me here for my blog posts. You can read my articles on Bettors Insider about casino,esports sports betting and entertainment.
Fantastic analysis and considering questions explained here. Sports betting is growing now like a rocket. Most folks in sports arena like to test their fortune participating in betting. The tax rate, the profit margin you described is noticeable. I really enjoyed the details. 토토사이트
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